Phil Wahba joined Reuters in 2008 and has covered the exchanges, equity capital markets (IPOs), corporate bankruptcies and now covers retailers such as department stores and booksellers
About Phil Wahba
More From Phil Wahba
The office supplies giant is going after smaller companies.
The retailer says that it stands for inclusivity and equality.
The move is just the latest by a big box retailer looking to find new uses for store space at a time more shopping is moving online.
They still received nearly $14 million each.
The prepaid card will be available later this year and usable at any retail locations that accept Visa.
Mergers and Acquisitions
More than a year ago, Staples offered to buy Office Depot in a transaction then valued at about $5.5 billion, pressured by declining sales in the office supplies sector and the rise of rivals.
The service currently has almost 41 million members, according to a new survey.
The embattled retailer warned investors could face 'substantial or total losses' of their investments.
The coffee chain denied reports that said cyber-criminals had used its mobile payments app to siphon money from its customers.
A detailed look at Brian Cornell's new approach to a process-heavy company.